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It’s a mandate for structural reforms

DNMUM436750 | 5/24/2019 | Author : Edit | WC :192 | Opinion & Viewpoint

DNA Money Edit

As BJP gets a decisive mandate to form the next government, hopes are soaring on its propinquity to undertake reforms. There is a sense of emergency when economists talk about India’s need to revive consumption and investment, both of which have been sagging of late, leading to a fall in the country’s economic growth. Employment generation, manufacturing and infrastructure and agriculture reforms are some other areas that need immediate attention. The government should address the distress in agriculture and rural economy as part of its medium-term goals. Since the service sector creates more jobs per unit of investment, the government may have to provide a better balance between the services sector and manufacturing.
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